Polar Capital (LON:POLR) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Polar Capital Holdings plc (LON:POLR) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 544.72 and traded as high as GBX 646. Polar Capital shares last traded at GBX 633, with a volume of 143,494 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on POLR shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Polar Capital from GBX 750 to GBX 780 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Royal Bank Of Canada raised their price objective on shares of Polar Capital from GBX 650 to GBX 670 and gave the company an “outperform” rating in a research note on Monday, January 19th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 691.67.

Polar Capital Stock Down 0.8%

The business has a fifty day moving average of GBX 603.96 and a 200 day moving average of GBX 545.78. The firm has a market cap of £600.74 million, a P/E ratio of 15.70, a P/E/G ratio of 0.79 and a beta of 0.94.

Insider Activity

In other news, insider Win Robbins sold 4,995 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of GBX 623, for a total value of £31,118.85. Insiders own 12.90% of the company’s stock.

Polar Capital Company Profile

Polar Capital Holdings plc is a publicly owned specialist, investment-led, active fund manager. The firm provides its services to professional and institutional investors. It launches and manages equity and balanced mutual funds. The firm also launches and manages hedge funds for its clients. Polar Capital Holdings plc was founded in 2001 and is based in London, United Kingdom.